Property Professionals: Have Your Say Now On The Draft New B-BBEE Sector Code

If you are involved in any “commercial activity” relating to property -development, ownership, management, valuation, provision of services such as estate agency etc – you have a substantial stake in the draft new B-BBEE Aligned Property Sector Codes.

The proposed Codes contain a lot of detail, and they differ from the general Codes in several important respects. For example different segments of the Property sector will have their own separate asset/turnover thresholds to qualify as an EME (Exempt Micro Enterprise) or as a QSE (Qualifying Small Enterprise). See the tables below -

(If the tables above do not display correctly, please see the “online version” – link above the compliments slip)

You have only 60 days from 30 October to comment on the proposals, so speak now if you have any concerns or suggestions.

Disclaimer The information provided herein should not be used or relied on as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact us for professional, detailed and appropriate advice.